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$384,900

Sale Pending
158 N Belvedere Dr, Hampstead, NC 28443
3 Beds
2 Baths
1,791 Square Feet
0.36 Acres Lot
Built in 2004
Sale Pending
Units n/a
Checked: 13 hours ago
Updated: Aug 27, 2025 at 10:09AM

Investment Summary


Monthly Cash Flow
-$478
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Property Description


0.36 Acres Lot
Built in 2004
Sale Pending
Units n/a

Welcome to this Southern Charmer situated in the coastal town of Hampstead, just minutes away from ICW. A large setback with immaculately maintained landscaping even further highlights the aesthetic appeal. As you enter, you will immediately notice gorgeous LVP floors and fresh paint. A large and bright living room with a beautiful vaulted ceiling welcomes you and feels as though it was made for a friendly gathering and cozy evenings with a nice glass of wine, reading your favorite author, playing family games, conducting deep conversations or just watching movies. The open concept connects the living room with the dining room and the kitchen. The gourmet kitchen offers stainless-steel appliances, granite countertops, a breakfast bar and a pantry which will please every chef. The private Master Suite with a vaulted ceiling and a stunning custom wooden wall offers a walk-in closet, a double vanity, a garden tub and a shower. The two spare bedrooms share a full bathroom. A laundry closet has washer and dryer ready for its new owners and together with a coat closet complete the main level. Upstairs you can explore a bonus room that can be used as a family room, an entertainment room or a man cave. Just let your imagination run wild. Enjoy your Southern sweet tea on a patio while overlooking this private piece of paradise and allow yourself to watch wildlife passing by - an abundance of birds, butterflies, fox, deer, owls, turtles, bunnies and opossums. This property is Southern Country Living at its finest! The new roof was installed in 2022. The absolutely amazing location of this property is another attractive feature to consider - a short commute to fabulous Kiwanis Park, highly rated schools, shopping, restaurants, many golf courses, ICW access, Topsail Island and Wrightsville beaches, and the city of Wilmington with a world class university, a tremendously growing network of businesses, and a historic river district.

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Location


Property Details


Parking

  • Description: None
  • Details: Garage Faces Front, Paved
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 42043042150000
  • Lot Size: 15899 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2004

Tax Information

  • Annual Tax: $2,102

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump, Electric
  • Cooling: Ceiling Fan(s)

Location

  • County: Pender

Listing Details


Listed by:
Irena B Kohler
Coldwell Banker Sea Coast Advantage-Hampstead
(910) 526-9987

Source:
Hive MLS (North Carolina Regional)
MLS#: 100498887
Hive MLS (North Carolina Regional)

Investment Summary


Monthly Cash Flow
-$478
Cap Rate
4.2%
Cash-on-Cash Return
-6.5%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.3%

Purchase Details

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Purchase price:
$384,900
Amount financed:
-$307,920
Down payment:
$76,980
Closing costs:
$11,547
Rehab costs:
$0
Initial cash invested:
$88,527
Square feet:
1,791
Cost per square foot:
$215
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$307,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,821
Property tax:
$175
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,150

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$175-$2,102
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$725-$8,702

Cash Flow


Monthly Yearly
Net operating income:
$1,343 $16,116
Mortgage payments:
-$1,821 -$21,852
Cash flow:
$478 $5,736